Brothers, good morning 🌞🌞
8.19 Accurate Market Analysis
The market has been in a range-bound fluctuation for the past few days, and many brothers are worried about whether the market will rise further. I also believe that many brothers who opened long positions on ETH at 4800 are feeling anxious every day.
From the on-chain data, there was an influx of stablecoins into exchanges a few days ago, with no signs of outflow. The holdings ratio of the whales is still increasing, indicating that they are still accumulating.
Currently, BTC is approaching the 60-day moving average, but Ethereum is still a bit away from it. Bitcoin seems safe, while Ethereum may need to correct a bit more.
BNB's overall trend is still very good, and it is expected to surge above 900 dollars in the next phase.
SOL is likely the most affected by this round of washing out; fans holding SOL should definitely not be shaken out as this is a common tactic of the market manipulators.
The Russia-Ukraine conflict may come to a temporary conclusion, which is positive for risk assets in the cryptocurrency market. Why do the market manipulators have to first crash the market? They are waiting for the Federal Reserve's decision at 2 AM on Thursday.
Brother Bao's suggestion is that short positions can gradually exit and wait for the right time to enter long positions. The specific entry time and price levels will be notified to fans in the group later. If you want to follow along, be quick!!!
